Will you cash out your bitcoins for Black Friday?

[Kprawn]

I see a slight drop in the price in the last couple of days and that made me think, why this might happen now.  My best

guess is that a lot of people might be converting bitcoins to fiat to enable them to buy cheap goods at retailers that are not

offering Bitcoin payments. Will you also cash out some bitcoins to shop at Walmart or Amazon or whatever retailer you shop

at, that are giving these massive discounts? This will surely explain the drop in the price, a week before Black Friday

starts. 

I see no other major announcement that would explain the recent drop in the price. 

[mk4]

Bitcoin is volatile, and can easily rise and crash without good/bad news. We can think of reasons and speculate on why prices move such directions, but there's really no way to know for sure.

As a Legendary member that has been here since 2014, you should probably know this by now.

[Marcel666]

Expenses are inevitable and most times imperative and when the need calls you would have to meet up.

That said, lots of factors affect the price movements. And the market has been more or less the same as it has been the majority of this year.
Also I am not aware of any Black Friday offers as yet, the market is maybe not as active as it was at this time last year.

[Kprawn]

Bitcoin is volatile, and can easily rise and crash without good/bad news. We can think of reasons and speculate on why prices move such directions, but there's really no way to know for sure.

As a Legendary member that has been here since 2014, you should probably know this by now.

Yea, I have been a member since 2014 and a Bitcoiner way before that, but the price behaviour has changed a lot in the last

couple of months. We have seen a stable price for months now and now suddenly we are seeing slight volatility again. We

also saw volatility linked to "news" that was published in social media, but this time there are not something that was

announced that might cause a dip in the price.   (Apart from the upcoming Bitcoin Trash fork)

[LFC_Bitcoin]

$300 isn’t much of a drop these days, it’s just normal price movement. I will start to panic a little if we crash much below $6000 though.

[mk4]

Bitcoin is volatile, and can easily rise and crash without good/bad news. We can think of reasons and speculate on why prices move such directions, but there's really no way to know for sure.

As a Legendary member that has been here since 2014, you should probably know this by now.

Yea, I have been a member since 2014 and a Bitcoiner way before that, but the price behaviour has changed a lot in the last

couple of months. We have seen a stable price for months now and now suddenly we are seeing slight volatility again. We

also saw volatility linked to "news" that was published in social media, but this time there are not something that was

announced that might cause a dip in the price.   (Apart from the upcoming Bitcoin Trash fork)

The bitcoin markets have only existed more or less just a decade. And yes, there are some things that might be weird because we haven't seen something similar in the past. But guess what? I'm pretty sure we haven't seen nothing yet. Long term, I'm 100% sure we're bound to see rise and drops in price multiple times as massive compared to what we have seen last December. Buckle up your seatbelts and enjoy the volatility ride.

[Hivalley]

Most users may be driven into panic selling for black Friday shopping,but I do not think it's actually a wise idea..
As every bitcoiner is aware of the market situation,and it's unpredictable state, backing out at this point in time could be unnecessary and could come back to bite

[Bytem3]

Bitcoin price just dropped by $300 :OO

[Daniel91]

No, I don't think so.
It's not good time to sell bitcoin now, specially if you had to pay more for bitcoin than what is their current value.
Hold is much better strategy than sell with loses.
Black friday s just one day and it will come again.
If you sell your bitcoin it's the end.

[Sandus_Cryptolover]

I.would rather hold on to my Bitcoin than sell at the current price. Few of my friends are eager to sell at the moment and wouldn't listen to voice of Reasoning. I've left them to their decision afterall the decision is theirs to make

[SneakyLady]

Take a lot at what everyone is doing, and do the opposite. Usually the best advice when it comes to making (and saving) money.

[MiguelCryptoss]

Definitely, i will cash out some of my Bitcoin wallet for Black Friday because of the free giveaway and discounted price be given during Black Friday. Man must meet the needs of the family, however things are likely to be on a higher price during Xmas and New year, so, in line with this, cash out Bitcoin will be inevitable.

[Bttzed03]

There is a possibility that I might do that, not necessarily on a Black Friday but in any day that a particular store offers massive discounts. It is always good to stock up some supplies while price is cheap. 

[olubams]

Bitcoin is volatile, and can easily rise and crash without good/bad news. We can think of reasons and speculate on why prices move such directions, but there's really no way to know for sure.

As a Legendary member that has been here since 2014, you should probably know this by now.

He did know but what he is trying to do is get opinion and trying to rationalise by giving reasons as to why a new downward trend is being witnessed at this time which coincide with black Friday sickness.

I see a slight drop in the price in the last couple of days and that made me think, why this might happen now.  My best

guess is that a lot of people might be converting bitcoins to fiat to enable them to buy cheap goods at retailers that are not

offering Bitcoin payments. Will you also cash out some bitcoins to shop at Walmart or Amazon or whatever retailer you shop

at, that are giving these massive discounts? This will surely explain the drop in the price, a week before Black Friday

starts. 

I see no other major announcement that would explain the recent drop in the price. 

I won't want to believe that someone who probably bought at an higher price would now sell because of Amazon price slash when you know that when the market recovers even if the price of that particular good should double, you can afford it conveniently. The  like reason is because of the volatility happening in the market and every explanation would only work as a result of timing alignment.

[A7373]

Maybe a little bit for buing a new car for mi wife)). But that is sad situation today.

[o_e_l_e_o]

I will start to panic a little if we crash much below $6000 though.

Are you panicking now?

Probably time to log-off for today. Every board is being spammed with countless new topics about bitcoin crashing, panic selling, crypto is dead, etc. It gets pretty boring after a while. If you honestly believe crypto is dead, then just sell everything and leave the forum. You don't need to spam the place on your way out.

I'll continue to do what I've done all year - largely ignore the price, and continue to use bitcoin as a currency as and when I can.

[dr_chen]

This drop can't be explained by black friday. I understand that everybody is trying to find an explanation for this sudden drop. ıt seems that price behaviour of bitcoin has changed a lot. We have seen a stable price for months and  suddenly slight drop occured while people wait for a bull market. People must evaluate this new period seriously and necessary measures must be taken.

[jpoker272727]

I will not casho out any of my bitcoin a this stage.
I will just keep holding for it and wait until the market is good.
I am on the track now where i will sell my BTC at 15,000 USD and buy back at 12K.
then sell again at 22K usd, this is my track which i know will be good iun the future!

[10BTCaDay]

I very much doubt that the price of Bitcoin fell down due to the Black Friday. I think that there was a completely different manipulation.

[aoluain]

Black Friday is a big deal and im sure a lot of people are going to use bitcoin in
one way or the other to take advantage of available deals. It may be a factor
in the current market movement along with other factors i dont think its tho
sole reason.